As the Nifty 50 index nears its all-time high, some mutual fund investors are contemplating stopping their SIPs, and some, selling their equity mutual funds. But this may not be the time for profit-booking, say experts.
uncertainty coming up in september. being more careful of september, the sep-taper on the calga callender. jobless claims the lowest since 2007. that shows health in the labor market. that s what ben bernanke said, when things look good in the labor market again, we ll be able to stop support the economy so much. and this should be a good thing. we should feel good about the fact we don t need to be on life support anymore. i think people are concerned about how things are going to go with the fed because we re in unprecedented territory. we have never seen this. i asked the same thing. people are sitting on very big gains, very big profit gains. if you re a money manager, you want to lock in the gains. you don t want to turn around and say, right, actually, we lost money. that s what i heard from a trader this morning. people are booking profits, closing out these long bullish positions they ve had. they are not initiated new selling. this is not a wave of new sellers. it s people
i was actually busy boog booking profits. okay. but no, but didn t he set specific unemployment targets, for example? didn t he say, you know, when we get down to he said 7% for shutting off what s called the quantitative easing and bringing interest rates off the floor. so why isn t that news the marks markets can use and say okay, not there yet so he s not going to do anything yet. and when it gets closer, then i can see why you would freak out. it s a fair question, what the markets don t know, when that s going to happen and they re just very freaked out. the fed is saying we re trending in that direction. so by the end of 2014, we should be there. is there what they re essentially telling the market. what i brian, before we let you go, the thing that is amazing to me, because the fed plays such an oversize role in the u.s. economy, everything ben bernanke does, red socks, blue